Seven companies in running for large Petronas contract

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Petronas Towers

Seven contractors are said to be running for the five transportation and installation packages offered under the Petronas’ umbrella tender issued on behalf of 11 PSC operators in Malaysia.

The contenders include the five mentioned in an earlier report : SapuraCrest’s affiliate, TL Offshore, Bumi Armada-J Ray McDermott, Saipem, Sigurros and PBJV, as well as Global Industries and private Malaysian outfit, Master Offshore.

TL Offshore and the partnership between Bumi Armada and J Ray McDermott, are likely to go for all five packages. Saipem, Global Industries and the three other Malaysian contractors are said to be eyeing at most three of the offered packages, according to industry sources.

Of the three smaller Malaysian contractors, PBJV is expected to go on a lone bid for the pipelay packages. Sigurros is said to be seeking a partnership with Sime Darby, while Master Offshore may be looking at recruiting more third party vessels for the bid round.

The final contract or contracts to be awarded will run for a minimum of three years from the second quarter of next year and includes two options each for one year extension.

The work scope for 2010 and 2011 has been released and will be executed over a minimum of 84 days and up to 229 days each year. The remaining work for the next three years from 2011 through 2013 will be firmed up during or after the third quarter of 2011.

Work will be carried out using a full marine spread including derrick and/or pipelayers, diving support vessels and anchor handling tug supply vessels.

Bids are due for submission in July and the contract could be awarded as early as this November.

Industry observers said the firm three-year contract could be worth 3 billion ringgit ($850 million).

www.upstreamonline.com

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